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ARBB Arbuthnot Banking Group Plc

1,027.50
0.00 (0.00%)
03 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Arbuthnot Banking Group Plc LSE:ARBB London Ordinary Share GB0007922338 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 1,027.50 995.00 1,060.00 1,030.00 1,030.00 1,030.00 4,467 16:35:11
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Commercial Banks, Nec 181.44M 35.38M 2.1678 4.75 168.1M

Secure Trust Bank PLC AGM Statement (2642X)

04/05/2016 3:20pm

UK Regulatory


Arbuthnot Banking (LSE:ARBB)
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RNS Number : 2642X

Secure Trust Bank PLC

04 May 2016

4 May 2016

SECURE TRUST BANK PLC

Annual General Meeting Statement 2016

The Board of Secure Trust Bank PLC (the 'Bank') announces that shareholders approved all the resolutions proposed at the Annual General Meeting of Secure Trust held today Wednesday 4 May 2016.

At the meeting the Chairman, Sir Henry Angest, made the following statement:

"The STB Group has made good progress during the first few months of the year. The completion on 13 April 2016 of the sale of the Everyday Loans business has generated a substantial net profit which has benefited capital and liquidity.

"The continuing business divisions are developing as planned. During the first quarter of the year Motor Finance and Retail Finance have delivered higher new business volumes compared to the same period in 2015. In the SME lending market we continue to see strong demand for our products with the Commercial Finance and Asset Finance businesses performing in line with management's expectations. As previously disclosed, the Bank has taken a more cautious approach to lending to the residential development sector ahead of the EU referendum vote.

"The Bank continues to work on a diverse pipeline of business development opportunities. With very strong capital and funding positions we believe we are well positioned to make further positive progress during the year."

-ENDS-

 
 Enquiries: 
 
  Secure Trust Bank PLC               Tel: 020 7012 2400 
  Sir Henry Angest, Non-Executive 
  Chairman 
  Andrew Salmon, Non-Executive 
  Director 
 Paul Lynam, Chief Executive        Tel: 0121 693 9100 
  Officer 
  Neeraj Kapur, Chief Financial 
  Officer 
 David Marshall, Director           Tel: 020 7012 2400 
  of Communications 
 
 
   Canaccord Genuity Limited          Tel: 020 7665 4500 
   (Nominated Adviser & Broker) 
   Sunil Duggal 
 Roger Lambert 
 
   Stifel Nicolaus Europe             Tel: 020 7710 7600 
   Limited (Financial Advisor 
   & Broker) 
   Robin Mann 
   Gareth Hunt 
 
   Bell Pottinger                     Tel: 020 3772 2566 
   (Financial PR) 
   Ben Woodford 
   Dan de Belder 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

AGMAIMITMBBMBFF

(END) Dow Jones Newswires

May 04, 2016 10:20 ET (14:20 GMT)

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